In a significant move aimed at bolstering tax compliance and curbing illicit activities in various sectors, Prime Minister Shehbaz Sharif has directed the elimination of all legal impediments obstructing the complete activation of the tax track and trace system.
(more…)Category: Taxation
Pakistan Revenue delivers the latest taxation news, covering income tax, sales tax, and customs duty. Stay updated with insights on tax policies, regulations, and financial developments in Pakistan.
-
FBR Transfers 34 Customs Officers in Major Shakeup
In a significant administrative shakeup, the Federal Board of Revenue (FBR) has announced the transfer and appointment of 34 senior customs officers across various positions.
(more…) -
FBR Records 0.4 Million New Active Taxpayers in March 2024
Karachi, March 25, 2024 – The Federal Board of Revenue (FBR) has announced a significant milestone with the addition of 400,000 new active taxpayers in March 2024.
(more…) -
NCCPL to Collect February 2024 Capital Gain Tax on March 29
Karachi, March 25, 2024 – The National Clearing Company of Pakistan Limited (NCCPL) has announced that it will be collecting capital gain tax (CGT) on Friday, March 29, 2024.
(more…) -
FBR Initiates Tax Collection under Tajir Dost Scheme from July 15
Karachi, March 24, 2024 – The Federal Board of Revenue (FBR) will initiate tax collection under the newly proposed Tajir Dost Scheme for small traders and shopkeepers starting on July 15, 2024.
(more…) -
Business Tax Integration Expanded Across Pakistan
Karachi, March 23, 2024 – Pakistan has taken a significant stride in integrating business enterprises in real-time through its portal for documenting transactions nationwide.
(more…) -
Retailers Get Relief from Tax Integration in Pakistan
Karachi, March 23, 2024 – The retail sector in Pakistan is set to receive a significant boost as the Federal Board of Revenue (FBR), the country’s apex tax authority, announced a series of incentives aimed at providing relief to retailers from mandatory online integration with tax authorities.
(more…) -
FBR Unveils New Tax Scheme for Small Traders and Shopkeepers
Islamabad, March 22, 2024 – The Federal Board of Revenue (FBR) has taken a significant step to ease tax burdens on small traders and shopkeepers by introducing a new ‘Tajir Dost Scheme,’ aiming to streamline tax procedures and promote compliance within this sector.
(more…) -
FBR Exempts Numerous Businesses from Mandatory Integration
Islamabad, March 22, 2024 – In a bid to promote ease of doing business and accommodate diverse sectors of the economy, the Federal Board of Revenue (FBR) introduced exemptions from mandatory online integration for certain businesses.
(more…) -
Pakistan Tax Bar Raises Concerns Over SRO 350 of 2024
Karachi, March 22, 2024 – The Pakistan Tax Bar Association (PTBA) has voiced reservations regarding the implications of SRO 350 of 2024, recently notified by the Federal Board of Revenue (FBR).
(more…)